Lowell, AR Real Estate
According to census data in the year 2000 there were 1,989 housing units in Lowell.
This represents a 285.5% growth from 516 in 1990.
Of those housing units, 1,940 were located in either urbanized areas or urban clusters, and 49 were located in what is classified as a rural area.
Homeownership rate in Lowell is about 67.5%.
Lowell's vacancy rate, including seasonal lodging, is about 7.4%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Lowell were built after 1996.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 5.10% |
| Two Bedrooms | 26.50% |
| Three Bedrooms | 58.50% |
| Four Bedrooms | 6.80% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1996 |
| Median Value of occupied units | $90,900 |
| Median Price asked for vacant units | $82,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1995 |
| Median Monthly Rent asked for vacant units | $608 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.50% |
| Home Equity Loan | 5.30% |
| Simple Mortgage | 81.90% |
| Debt Free | 7.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.8% |
